Tewksbury Township, New Jersey

AM Best Removes From Under Review and Affirms Credit Ratings of Great American Life Insurance Company and Subsidiaries

Retrieved on:

Friday, June 4, 2021

Banking, Professional services, Insurance, Finance, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, Insurance, Business organizations, Service companies

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issue Credit Ratings (Long-Term ICR) of aa- (Superior) of Great American Life Insurance Company (GALIC) and its key subsidiary, Annuity Investors Life Insurance Company (AILIC) (collectively referred to as Great America Life Group).

Key Points:

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issue Credit Ratings (Long-Term ICR) of aa- (Superior) of Great American Life Insurance Company (GALIC) and its key subsidiary, Annuity Investors Life Insurance Company (AILIC) (collectively referred to as Great America Life Group).
Concurrently AM Best has removed from under review with developing implications and affirmed the FSR of B++ (Good) and the Long-Term ICR of bbb+ (Good) of Manhattan National Life Insurance Company (Manhattan Life), a life insurance subsidiary of GALIC.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Places the Credit Ratings of Safepoint Insurance Company Under Review with Negative Implications

Retrieved on:

Wednesday, June 2, 2021

Insurance, Professional services, Finance, Credit rating agencies, Credit, Economy, AM Best, Tewksbury Township, New Jersey, Credit rating, Dagong Global Credit Rating

AM Best has placed under review with negative implications the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of bb- (Fair) of Safepoint Insurance Company (Safepoint) (Temple Terrace, FL).

Key Points:

AM Best has placed under review with negative implications the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of bb- (Fair) of Safepoint Insurance Company (Safepoint) (Temple Terrace, FL).
The under review with negative implications status for Safepoint reflects its near-term capital management plan for its holding company, Safepoint Holdings, Inc.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings of Kuwait Reinsurance Company K.S.C.P.

Retrieved on:

Friday, May 28, 2021

Insurance, Professional services, Finance, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, Reinsurance companies, Credit rating

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Kuwait Reinsurance Company K.S.C.P.

Key Points:

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Kuwait Reinsurance Company K.S.C.P.
The ratings reflect Kuwait Res balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings of Berkley International Seguros Mexico S.A.

Retrieved on:

Thursday, May 27, 2021

Insurance, Professional services, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, Berkley, R rating

AM Best has affirmed the Financial Strength Rating of A+ (Superior), the Long-Term Issuer Credit Rating of aa- (Superior) and the Mexico National Scale Rating of aaa.MX (Exceptional) of Berkley International Seguros Mexico S.A. (BSM) (Mexico City, Mexico).

Key Points:

AM Best has affirmed the Financial Strength Rating of A+ (Superior), the Long-Term Issuer Credit Rating of aa- (Superior) and the Mexico National Scale Rating of aaa.MX (Exceptional) of Berkley International Seguros Mexico S.A. (BSM) (Mexico City, Mexico).
Additionally, the ratings factor in BSMs integration with its parent company, W. R. Berkley Corporation (W. R. Berkley), in terms of underwriting, ERM and capital commitments.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Withdraws Credit Ratings of The Empire Life Insurance Company

Retrieved on:

Thursday, May 27, 2021

Insurance, Professional services, Finance, Credit rating agencies, Credit, Economy, AM Best, Tewksbury Township, New Jersey, Credit rating, Draft:Mutual Insurance Company of Arizona

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of The Empire Life Insurance Company (Empire Life) (Kingston, Ontario, Canada).

Key Points:

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of The Empire Life Insurance Company (Empire Life) (Kingston, Ontario, Canada).
Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IR) of Empire Life.
Empire Life is a subsidiary of E-L Financial Corporation Limited (E-L Financial), which operates as a publicly traded Canadian investment and insurance holding company.
For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings of BNY Trade Insurance, Ltd. and The Hamilton Insurance Corp.

Retrieved on:

Thursday, May 27, 2021

Finance, Banking, Professional services, Other Professional Services, Insurance, Finance, Credit rating agencies, Money, AM Best, Tewksbury Township, New Jersey, Economy, Insurance, BNY Mellon, Credit rating

AM Best has affirmed the Financial Strength Ratings of A (Excellent) and the Long-Term Issuer Credit Ratings of a+ (Excellent) of BNY Trade Insurance, Ltd. (BNY Trade) (Hamilton, Bermuda) and The Hamilton Insurance Corp. (Hamilton) (Melville, NY).

Key Points:

AM Best has affirmed the Financial Strength Ratings of A (Excellent) and the Long-Term Issuer Credit Ratings of a+ (Excellent) of BNY Trade Insurance, Ltd. (BNY Trade) (Hamilton, Bermuda) and The Hamilton Insurance Corp. (Hamilton) (Melville, NY).
For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Revises Outlooks to Positive for Anchor General Insurance Company and Pacific Star Insurance Company

Retrieved on:

Thursday, May 27, 2021

Insurance, Professional services, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, STAR, Anchor, Systems, Articles

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Ratings of bb+ (Fair) of Anchor General Insurance Company (Anchor General) (San Diego, CA) and Pacific Star Insurance Company (Pacific Star) (Madison, WI), which is a subsidiary of Anchor General.

Key Points:

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Ratings of bb+ (Fair) of Anchor General Insurance Company (Anchor General) (San Diego, CA) and Pacific Star Insurance Company (Pacific Star) (Madison, WI), which is a subsidiary of Anchor General.
The ratings of Pacific Star reflect its balance sheet strength, which AM Best assesses as very strong, as well as adequate operating performance, limited business profile, appropriate ERM, and rating drag due to its direct ownership by Anchor General.
The revision of Pacific Stars outlooks to positive is based on reduced rating drag from its parent, Anchor General.
The management of Anchor General and Pacific Star has implemented numerous corrective measures and strategies in recent years, which included significant rate increases, agency management and risk mitigation initiatives.

AM Best Withdraws Credit Ratings for Members of Optimum General Companies

Retrieved on:

Wednesday, May 26, 2021

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of Optimum Insurance Company Inc. (Montreal, Quebec), Optimum West Insurance Company Inc. (Burnaby, British Columbia) and Optimum Farm Insurance Inc. (Trois-Rivieres, Quebec), which are members of Optimum General Companies and collectively known as Optimum General.

Key Points:

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of Optimum Insurance Company Inc. (Montreal, Quebec), Optimum West Insurance Company Inc. (Burnaby, British Columbia) and Optimum Farm Insurance Inc. (Trois-Rivieres, Quebec), which are members of Optimum General Companies and collectively known as Optimum General.
Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Bests interactive rating process.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings of Protective Property & Casualty Insurance Company

Retrieved on:

Tuesday, May 25, 2021

Insurance, Professional services, Credit rating agencies, Finance, AM Best, Tewksbury Township, New Jersey, Economy, Insurance, Credit rating

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of Protective Property & Casualty Insurance Company (Protective P&C) (St. Louis, MO).

Key Points:

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of Protective Property & Casualty Insurance Company (Protective P&C) (St. Louis, MO).
The ratings also reflect rating lift from its parent, Protective Life Insurance Company (Protective Life).
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best to Host Webinar on AM Best’s Directors & Officers Insurance

Retrieved on:

Thursday, May 20, 2021

Insurance, Professional services, Articles, AM Best, Tewksbury Township, New Jersey, XC2, BAI, Analytics, Business

b'Attendees can submit questions during registration or by emailing [email protected] .

Key Points:

b'Attendees can submit questions during registration or by emailing [email protected] .
The event will be streamed in video and audio formats, and playback will be available to registered viewers shortly after the event.\nAM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.
Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
For more information, visit www.ambest.com .\nCopyright \xc2\xa9 2021 by A.M. Best Company, Inc. and/or its affiliates.